Marketplace AM for February 2, 2006
Shell today reported the biggest three-month profit ever for a British company. The news follows Exxon Mobil's earnings this week, the largest quarter ever recorded by a publicly-listed US company. The reason for both was the same: The soaring price of crude. It lifted Shell's annual profits to $23 billion. From London, Stephen Beard reports.
Kai talks with Southwest Airlines CEO Gary Kelly about his trip from CPA to CEO, and the future of the airline business.
The governor of West Virginia called for all mines to cease operations in his state following two more mining deaths yesterday. The governor wants all mines to pass safety inspections before work resumes. And as Stacey Vanek-Smith reports, a shut down would cost the state's mining industry millions.
Cuban and US oil honchos are scheduled to sit down today to discuss the fate of a Cuban oil field that, by law, US companies can't touch. Dan Grech tells us what they're going to talk about.
The service workers union SEIU announced the winner of a novel contest to find the best idea "since sliced bread" to help improve the lives of working men and women. More than 22,000 ideas were submitted. Jeff Tyler tells us which one took the $100,000 first prize.
The hip air carrier with leather seats and individuals TVs has long been considered a model for the struggling legacy carriers to pattern themselves after. But as Stacey Vanek-Smith reports, Jet Blue's star has fallen with its recent earnings report.
Posted In: Canada
Today, the world's nuclear watchdog holds an emergency session. The US wants the agency to report Iran to UN Security Council over its nuclear program. Among those attending the vote is India -- a country which developed its own nuclear weapons program in secret. But this time, India is under pressure from the US to vote against an old friend. Miranda Kennedy explains from New Delhi.